Explain determining the types of the various products
Explain determining the types of the various products that will be produced?
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Consumer sovereignty is the key to determining the types and quantities of the various products that will be produced. “Dollar votes” for a product when purchases are made and “dollar votes” against a product when products are ignored will determine which industries continue to exist and which individual products survive or fail.
Use the circular flow model to confirm this assertion for an expansion of preschool programs for disadvantaged children?
Use the circular flow model to confirm this assertion for a 2% reduction in the Federal corporate income tax.
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